CLEAN : Tax on assets of US billionaires would be 'historic': economist Gabriel Zucman

The video discusses a proposed progressive tax targeting billionaires, focusing on unrealized capital gains. It explains how the tax would work, using Elon Musk as an example, and highlights the potential revenue it could generate. The video also addresses issues with the current tax system, such as low taxes on the wealthy and growing inequality. It explores the political landscape, noting some support in the Senate, and considers the global context, where other countries face similar challenges with billionaire wealth and tax rates.

What structural reasons contribute to the low taxation of the wealthiest individuals?

How has billionaire wealth changed during the pandemic according to the text?